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Equities research analysts at DA Davidson assumed coverage on shares of Cornerstone OnDemand (NASDAQ:CSOD) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $41.50 price target on the stock. DA Davidson’s price objective would suggest a potential upside of 7.90% from the stock’s previous close.

The analysts wrote, “Next generation enterprise application cloud computing leader. CSOD is a pure-play software-as-a-service (SaaS) human capital management (HCM) vendor that has built a comprehensive suite of talent management products centered around learning management, performance management, recruiting, succession planning, and compensation management. One of the fastest growing publicly traded SaaS firms. Revenue has grown at a CAGR of 58% from 2010 to 2013. Similarly, the number of customers and users has grown at CAGRs of 50% and 42%, respectively, over the same time period. CSOD estimates its total addressable market (TAM) at 400 million seats for talent management. With a customer user count of approximately 15.5 million at the end of 2Q14, market penetration appears to be low.”

In other Cornerstone OnDemand news, Director R C. Mark Baker sold 4,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.73, for a total value of $154,920.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Cornerstone OnDemand (NASDAQ:CSOD) opened at 38.46 on Tuesday. Cornerstone OnDemand has a one year low of $32.82 and a one year high of $61.85. The stock has a 50-day moving average of $39.67 and a 200-day moving average of $44.45. The company’s market cap is $2.053 billion.

Cornerstone OnDemand (NASDAQ:CSOD) last announced its earnings results on Wednesday, August 6th. The company reported ($0.11) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.03. The company had revenue of $61.50 million for the quarter, compared to the consensus estimate of $63.57 million. During the same quarter last year, the company posted ($0.07) earnings per share. Cornerstone OnDemand’s revenue was up 38.8% compared to the same quarter last year. On average, analysts predict that Cornerstone OnDemand will post $-0.24 earnings per share for the current fiscal year.

Separately, analysts at Maxim Group cut their price target on shares of Cornerstone OnDemand from $40.00 to $38.00 in a research note on Thursday, August 7th. They now have a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $57.68.

Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).

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